Crypto tax software makes filing your gains and losses simpler. It connects directly with cryptocurrency exchanges and wallets for reconciliation purposes and produces tax reports. Furthermore, this tool offers guidance on current taxes and laws while helping calculate capital gains/losses as well as include airdrop income in its calculations.
Accointing
Accointing is a web and mobile platform that connects directly with crypto exchange accounts and wallets to track values, performance, transactions and filing of taxes. Designed with ease-of-use and support for over 300 exchanges in mind, its Trading Tax Optimizer (TTO) can save thousands annually by automatically calculating gains/losses before every trade you execute – saving time as well as money!
The software also features an NFT import feature to easily track investments in non-fungible tokens (NFTs) and calculate cost basis and sales proceeds for tax purposes. This service is free to users, providing an effortless means of managing NFT portfolios.
CoinTracker
CoinTracker is a crypto tax software product that enables users to keep an overview of their crypto assets and generate tax forms quickly and efficiently. The program integrates transaction data from connected wallet and exchange accounts for a comprehensive view of a user’s crypto portfolio and keeps detailed records of cost basis and capital gains that help optimize taxes. CoinTracker works seamlessly with major tax filing services and has received backing from prominent investors such as Coinbase, Y Combinator and Serena Williams – among many others.
CoinTracker stands out among other crypto trading and tax software solutions as being one of the most comprehensive portfolio tracking tools on the market, featuring an intuitive interface which makes reconciling transactions from various exchanges and wallets effortless. Furthermore, CoinTracker includes advanced features such as decentralized finance (DeFi), margin trading and NFT transactions – with premium support available for more complex transactions priced at just $199 annually.
Koinly
Koinly is an advanced cryptocurrency tax software suite designed to streamline the taxation of crypto trading and investments. The platform gathers tax-relevant data, calculates gains and losses, and produces IRS-ready reports. Koinly supports multiple currencies, exchanges, wallets, blockchains and DeFi platforms (margin trades/futures/options); its Smart Transfer Matching feature uses AI to detect transfers between owned wallets for accurate cost basis tracking; all in an effort to deliver seamless cost basis tracking of investments.
Koinly is unique in that it provides support for multiple countries, which enables users to generate localized Form 8949, Schedule D, K4, Rf1159 and Sheet 9A reports in their local language. Furthermore, this platform accommodates various taxes such as capital gains taxation and foreign transaction tax.
Koinly can assist users in finding a qualified tax professional with expertise in cryptocurrency taxes. Their website features self-help articles and their customer support team is unparalleled.
ZenLedger
ZenLedger is a cryptocurrency tax software designed to track cryptocurrency investment gains and losses. With an intuitive dashboard and access to US tax forms, this service offers free plan log-in with limited transactions tracking capabilities.
ZenLedger stands apart from its competitors by not requiring users to share their private keys with the company and by not reporting user financial data to any organizations; rather, this software only requests READ ONLY access in order to import transaction history and generate tax forms using that data.
This platform enables users to track the performance of their entire portfolio in real-time and provides a detailed breakdown of crypto tax earnings and losses, supporting numerous exchange integrations and exporting tax forms compatible with major tax software programs. Furthermore, there’s a tax loss harvesting tool which optimizes tax liability while offering excellent customer support and competitive pricing range.
